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dominic, thank you. >> coming up, the fiscal cliff stalemate involves more than just taxes and spending, it is political with big stakes if both sides. our political insiders break it down up next. >> it is one of the busiest travel times of the year, folks in the christmas rush to grandma's house, and some other places. how are the airports and roads doing? that is ahead. my doctor told me calcium is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. if we took the already great sentra apart and completely reimagined it with best-in-class combined mpg, and more interior room than corolla and civic? and a technology suite with bluetooth, navigation and other handy stuff? yeahthat would be
dominic, thank you. >> coming up, the fiscal cliff stalemate involves more than just taxes and spending, it is political with big stakes if both sides. our political insiders break it down up next. >> it is one of the busiest travel times of the year, folks in the christmas rush to grandma's house, and some other places. how are the airports and roads doing? that is ahead. my doctor told me calcium is efficiently absorbed in small continuous amounts. citracal slow release...
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is back again this week with a clarity on the fiscal cliff. thank you for being with us. what happens now? >> good question. i guess congress will get back on wednesday. we will see they can come up with something, some figleaf that will give everybody enough political protection so they can cancel the sequester and spending cuts and tax increases that are scheduled. i am still very skeptical that will happen. my guess is that we are going over the cliff. host: you give it about a 75% chance that we would go over the cliff a couple of weeks ago. guest: of today are close to 90%. the new mentality in washington seems to be, we do not have to do this by december 31. the damage to the economy in the short term will be very small. in fact, they have a couple of weeks, if not three or four weeks in january, before this starts to pinch a bit. it is not as much of a cliff as people were seeing a couple of days ago. host: are we going over? guest: it is a slope, that is important to lay out. you do not have major economic effects on your average perso
is back again this week with a clarity on the fiscal cliff. thank you for being with us. what happens now? >> good question. i guess congress will get back on wednesday. we will see they can come up with something, some figleaf that will give everybody enough political protection so they can cancel the sequester and spending cuts and tax increases that are scheduled. i am still very skeptical that will happen. my guess is that we are going over the cliff. host: you give it about a 75%...
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physical cliff. >> thank you. i yield one minute to the member of the appropriations committee, our hard-working friend from georgia and his father. >> the gentleman is recognized for one minute. >> the president owns this economy. he owns the high unemployment rate, the 23 million americans who are under or unemployed. he owns the lack of jobs and opportunity. he owns the $750 billion annual deficit. it is time for the president to step up. knowing this fiscal cliff was going to take place for well over a year, the president has not acted in good faith. what we are doing today is three things. number one, we are moving a centralized negotiation back to where it should become a decentralized basis, so 435 house members can vote and speak on it and express their baby opinion. hopefully the senate can take it and amend, but this debate belongs inside the united states capitol. last year, we heard so much about the 99%. this will give tax breaks to them. it is permanent. this is good for the economy. it is good for e
physical cliff. >> thank you. i yield one minute to the member of the appropriations committee, our hard-working friend from georgia and his father. >> the gentleman is recognized for one minute. >> the president owns this economy. he owns the high unemployment rate, the 23 million americans who are under or unemployed. he owns the lack of jobs and opportunity. he owns the $750 billion annual deficit. it is time for the president to step up. knowing this fiscal cliff was going...
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>> barbara starr, thank you very much in washington. >>> and now, to the fiscal cliff. and we are just about to go over the edge. congress has left for the holidays. if they don't get a deal done soon, tax increases and budget cuts will hit after the first of the year. earlier, republican congressman, steve la tourette said the president has been too focused on tax cuts for the rich. but he did leave the door open a little. >> i'm okay, you president, you can tax the rich people. but come up with some spending cuts, we're borrowing $1 trillion a year and he has not. >> indiana senator joe lieberman said he's more pessimistic than he's ever been that a deal will get done. >> in the aftermath of the house republicans rejecting speaker boehner's so-called plan b, the first time that i feel that it's more likely that we will go over the cliff than not. and that, if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever in american history. >> leaders from both sides are expected back in washington
>> barbara starr, thank you very much in washington. >>> and now, to the fiscal cliff. and we are just about to go over the edge. congress has left for the holidays. if they don't get a deal done soon, tax increases and budget cuts will hit after the first of the year. earlier, republican congressman, steve la tourette said the president has been too focused on tax cuts for the rich. but he did leave the door open a little. >> i'm okay, you president, you can tax the rich...
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. >> peter doosey, thank you very much. >> the fiscal cliff is looming and now the president has gone home for the holidays and left for hawaii without a deal in place. with nine days left now, is it too late? remember the house budget committee marcia blackburn joins us now. congressman thank you for joining us. >> sure. >> before we get underway, i would love to play for you. play for you right now the president's words just before he departed on his hawaii vacation. here he is. >> so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. everybody can cool off. everybody can drink some eggnog and have some christmas cookies and sing some christmas carols and enjoy the company of loved ones. >> and then, congressman, just after he said that senator jeff sessions of alabama said this, and i shall quote, president obama today gave another speech about the fiscal cliff, no plan, nothing that can be scored or analyzed, just another speech. if president obama wishes to avoid the fiscal cliff then he with all of the power and
. >> peter doosey, thank you very much. >> the fiscal cliff is looming and now the president has gone home for the holidays and left for hawaii without a deal in place. with nine days left now, is it too late? remember the house budget committee marcia blackburn joins us now. congressman thank you for joining us. >> sure. >> before we get underway, i would love to play for you. play for you right now the president's words just before he departed on his hawaii vacation....
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cliff. >> from your lips to god's ears, thanks very much. mohammed al arian. mark zandy and christine romans. as long as congress does not trip us up, we're on the way to an economic renaissance in our country. >>> we are on the road to an economic renaissance. i want to you think about the united states economy like a runner along this road. full economic recovery and prosperity is the destination, the economy right now, that's warming up with a nice jog, getting ready to break into a full sprint. gross domestic product, the broadest measure for the economy grew by an annual rate of 3.1 over the summer, more than double the rate of the previous quarter. spending by americans was the single biggest factor in that growth and more americans are spending their money to buy a home, pushing prices upward across the country. the median price of an existing home shot up 10.1% in november year-over-year. we've seen home values rise six months in a row as more americans get back to work and take advantage of those low mortgage rates. bottom line here
cliff. >> from your lips to god's ears, thanks very much. mohammed al arian. mark zandy and christine romans. as long as congress does not trip us up, we're on the way to an economic renaissance in our country. >>> we are on the road to an economic renaissance. i want to you think about the united states economy like a runner along this road. full economic recovery and prosperity is the destination, the economy right now, that's warming up with a nice jog, getting ready to break...
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people are nervous about the fiscal cliff. you say we will trade at. >> i've seen the financial stocks, which are a very important indicator of the market. they have been very strong, and living today. we have seen some nice follow-through from companies like goldman that finally have been able to get above key technical levels. also there is no recall when addressing. the window dressing is the group , loss on wall street among the money managers say let's get that market really strong for the end of the year. we want to see nice numbers, and gerri: you guys do nthing and fundamentals anymore. it's amazing to me. >> you're right, and that is part of the problem with the street, but those two are bottom-up fundamental analysts, we really like the guidanc that we saw that came out of it. many of these industrial multi complex companies that are very importaat indicators. gerri: like it when you talk but companies like those, because those are real companies. illinois tool works, fundamental company manufacturing, doing all the
people are nervous about the fiscal cliff. you say we will trade at. >> i've seen the financial stocks, which are a very important indicator of the market. they have been very strong, and living today. we have seen some nice follow-through from companies like goldman that finally have been able to get above key technical levels. also there is no recall when addressing. the window dressing is the group , loss on wall street among the money managers say let's get that market really strong...
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. >> paul steinhauser, thank you very much. >>> from fiscal cliff to crime and punishment, we'll show you our top ten crime stories of the year. why not make lunch more than just lunch? with two times the points on dining in restaurants, you may find yourself asking why not, a lot. chase sapphire preferred. there's more to enjoy. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. [ male announcer ] zyrtec-d®. behind the pharmacy counter. ♪ i'♪ you can count on me, s, ♪ i'll be home for christmas, ♪ if only in my dreams. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laugh
. >> paul steinhauser, thank you very much. >>> from fiscal cliff to crime and punishment, we'll show you our top ten crime stories of the year. why not make lunch more than just lunch? with two times the points on dining in restaurants, you may find yourself asking why not, a lot. chase sapphire preferred. there's more to enjoy. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer,...
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. >> thank you. >>> fiscal cliff talks, cabinet changes, what will define pope mae's agenda after the first of the year, and has this last week done damage to speaker of the house john boehner and to the republican party? my roundtable is here, republican congressman from utah, jason chaffetz, former congressman harold ford, andrea mitchell and chuck todd. back in a minute. uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting
. >> thank you. >>> fiscal cliff talks, cabinet changes, what will define pope mae's agenda after the first of the year, and has this last week done damage to speaker of the house john boehner and to the republican party? my roundtable is here, republican congressman from utah, jason chaffetz, former congressman harold ford, andrea mitchell and chuck todd. back in a minute. uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for...
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and thank you very much. we'll turn to the fiscal cliff . it is approaching effort . it is earlier this week there is signs of progress and republican house speaker john boehner said plans don't do enough to address the key problem. nasa's government spending that could impact future americans . >> what the president offered so far will not resolve the spending problems . it will hurt our economy. a failing to reach a deal by december 31st would trigger tax hikes and spending hikes . and they say they are willing to continue to work toward a deal . the question is can they get it done in a time. here's steve in washington. will president obama focus on the fiscal cliff? do we know? >> probably not: there will not be done to much -- and president arrived in honolulu. within to his rented vacation home. he left washington last night after scaling back . it is still possible . he's focusing now on a middle class tax hike and extended unemployment benefits. and this congress laws can only pass for democrats and republicans and that means no one gets 100 percent of what th
and thank you very much. we'll turn to the fiscal cliff . it is approaching effort . it is earlier this week there is signs of progress and republican house speaker john boehner said plans don't do enough to address the key problem. nasa's government spending that could impact future americans . >> what the president offered so far will not resolve the spending problems . it will hurt our economy. a failing to reach a deal by december 31st would trigger tax hikes and spending hikes . and...
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the president is standing firm on fiscal cliff negotiations and so much is at stake. why can't both sides reach a compromise? >> charlie, how are you? >> fine, good to be with you. >> great to have you here. good morning. look, they don't seem closer. everybody says they're compromising. i'm curious, do you feel from the president's point of view first that he made a campaign promise about what he would and wouldn't do regarding cuts and taxes and he's dug his heels in, standing firm? >> i think absolutely. he feels like he won a mandate and let's be clear, he won handily. he beat mitt romney handily in the election so he's walking away thinking he's got a mandate and that's why he's deeply dug in. the problem with that mandate is of course to say we want to -- he calls it a balanced approach. that is sort of a vague kind of campaign promise nobody really knows -- it's always sounding good but i don't think people are sure what it means. the problem is on the other side, with the republicans in the house, they have a mandate too. they won too. some of them won by larg
the president is standing firm on fiscal cliff negotiations and so much is at stake. why can't both sides reach a compromise? >> charlie, how are you? >> fine, good to be with you. >> great to have you here. good morning. look, they don't seem closer. everybody says they're compromising. i'm curious, do you feel from the president's point of view first that he made a campaign promise about what he would and wouldn't do regarding cuts and taxes and he's dug his heels in,...
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this fiscal cliff doesn't solve our long-term debt propses. lou: breaking with the practice and policies of washington over the course of the past 50 years. stephen hayes, thank you very much. judith miller, thank you very much. john fund, thank you. time for a few quick comments. ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talk gun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us. has t. >> wall street is very concerned. no dou the average folks at home who have been cutting back more inclined to hang onto their wallets. they don't know what will happen. thank you congress. thank you mr. president. >> it is charities' season. makes us feel good to give. that is why there is a concert for storm victims. a bit greedy businesses ted turner did not like that idea. >> there is nothing more to say list. >> go
this fiscal cliff doesn't solve our long-term debt propses. lou: breaking with the practice and policies of washington over the course of the past 50 years. stephen hayes, thank you very much. judith miller, thank you very much. john fund, thank you. time for a few quick comments. ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talk gun control for law-abiding citizens? that was just...
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on the fiscal cliff. what happens to your tax it is we go over? will you be paying more right away? we will tell you in the next hour. ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. schwab bank was built with all the value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus deposit checks with mobile deposit. tdd#: 1-800-345-2550 and manage your cash and investments tdd#: 1-800-345-2550 with schwab's mobile app. tdd#: 1-800-345-2550 no wonder schwab bank has grown to over 70 billion in assets. tdd#: 1-800-345-2550 so if you're looking for a bank that's in your corner, tdd#: 1-800-345-2550 not just on the corner... tdd#: 1-800-345-2550 call, click or visit to start banking with schwab bank today. tdd#: 1-800-345-2550
on the fiscal cliff. what happens to your tax it is we go over? will you be paying more right away? we will tell you in the next hour. ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. schwab bank was built with all the value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus...
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it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays. and today, president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season, sales numbers have not been as strong as many had hoped to see. here's michelle miller. >> reporter: kidding around is a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. within the last month, what have your sales been? >> they're up from last year about 5.5%, but some of that is the influence of the early hanukkah. >> reporter: he's doing better than most retailers. shoppertrak, which monitors consumer behavior nationwide, predicted holiday sales growth of 3.3%. they just cut it to 2.5%. >> the traffic growth
it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays. and today, president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season, sales numbers have not been as strong as...
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leading off tonight, fiscal cliff hanger, president obama calls on congress to act after christmas on a scale-down deal that would spare the middle class from tax hikes on the first of the year. the president met with harry reid and spoke with john boehner. is a grand bargain still possible when everyone is leaving town? >> a week from the shooting massacre that left 20 children and six educators dead, we have heard plenty of people calling for new gun control laws but very little from the national rifle association until now. in a bizarre news conference, the head of the nchl ra said the solution of gun violence in this country is simple, more guns. armed officers in every school. it is the same line we have heard before from the nra. has the country's relationship with guns fundamentally changed since newtown. what we saw last night from house republicans is yet another symptom of a real problem for the gop. they don't believe in compromise. they have lurnlged too far to the right. president obama tapped kerry to be the next secretary of state. let me finish with the great new movie
leading off tonight, fiscal cliff hanger, president obama calls on congress to act after christmas on a scale-down deal that would spare the middle class from tax hikes on the first of the year. the president met with harry reid and spoke with john boehner. is a grand bargain still possible when everyone is leaving town? >> a week from the shooting massacre that left 20 children and six educators dead, we have heard plenty of people calling for new gun control laws but very little from...
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>>> turning now to politics, from the looming fiscal cliff to the ongoing con tro versus over the nra's recent comments following the sandy hook elementary strategy. a lot to discuss with david gregory, moderator of "meet the press." the president and congress have left town for the holidays. any chance they might come back early, any sense of a deal in the works? >> i think there is a deal in the works. it is just a smaller deal. they will be back next thursday. i have been talking to folks on capitol hill and the white house. i think they are going for a smaller deal that could put off some of the effects of the fiscal cliff and get a tax cut extension for those making $250,000 or less. wealthier americans would pay for. you would avoid the fiscal cliff for now. you kick the can down the road. this is washington dysfunction at its height but it would forestal the cliff >>> i wonder if we are seeing a change to speaker boehner that got his hand slapped by some members of his party. is there long-term damage here? >> the white house is that they don't have a real partner to negotiate wi
>>> turning now to politics, from the looming fiscal cliff to the ongoing con tro versus over the nra's recent comments following the sandy hook elementary strategy. a lot to discuss with david gregory, moderator of "meet the press." the president and congress have left town for the holidays. any chance they might come back early, any sense of a deal in the works? >> i think there is a deal in the works. it is just a smaller deal. they will be back next thursday. i have...
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president obama is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspiration. if so, this board gives me rates for . ere companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to
president obama is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspiration. if so, this board gives me rates for . ere companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want...
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we'll talk about the fiscal cliff with her and the comments tuld by wayne lapierre as well as her last days in the senate. it is coming up at 1:30 eastern. >>> now we check on the weather misery index. it is on the rise apparently in parts of this country because right now there's a system dumping more snow and rain out west, and then it's going to move across the country. who's going to see a mite whyte christmas? let's go to nbc meteorologist dylan dreyer with the forecast. hi. >> good afternoon. go figure, the places we'll see the snow, oklahoma and arkansas. arkansas hasn't seen a white christmas since 1926. where is that storm right now? well, it's affecting the west coast. that's where we're seeing more heavy rain, more heavy snow, another 1 to 2 feet snow possible in the mountains out that way. that's going to slowly spread eastward and then dive down towards texas and into oklahoma and arkansas. so it is still several days away. but it will get there in time to give about an inch or so to areas across arkansas for christmas. so that will be nice for the kids waking up christmas
we'll talk about the fiscal cliff with her and the comments tuld by wayne lapierre as well as her last days in the senate. it is coming up at 1:30 eastern. >>> now we check on the weather misery index. it is on the rise apparently in parts of this country because right now there's a system dumping more snow and rain out west, and then it's going to move across the country. who's going to see a mite whyte christmas? let's go to nbc meteorologist dylan dreyer with the forecast. hi....
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as we slide toward the fiscal cliff. we'll ask our sunday panel about the president's latest plan to take some of the pain out of going over the brink. will the gop sign on? i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. >> chris: call me a hopeless optimist but i actually still think we can get it done. >> how we get there, god only knows. >> chris: the president and speaker boehner still looking for some way to cushion the blow of going over the fiscal cliff. time for our sunday group. bill kristol of t
as we slide toward the fiscal cliff. we'll ask our sunday panel about the president's latest plan to take some of the pain out of going over the brink. will the gop sign on? i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! i just finished a bowl of...
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as we slide toward the fiscal cliff. we'll ask our sunday panel about the president's latest plan to take some of the pain out of going over the brink. will the gop sign on? [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! flavor boost, meet beef. it's swanson flavor boost. concentrated broth to add delicious flavor to your skillet dish in just one stir. mmm! [ female announcer ] cook, meet compliments. get recipes at flavorboost.com. [ female announcer ] cook, meet compliments. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink
as we slide toward the fiscal cliff. we'll ask our sunday panel about the president's latest plan to take some of the pain out of going over the brink. will the gop sign on? [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold...
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stripped-down plan to avert the fiscal cliff. here's what it is, extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out, next month. and, delay the sequester of $110 billion, in spending cuts, next year. for all of the talk of $4 trillion in debt reduction the plan would only save $800 billion, over ten years. senator conrad, is that the best that washington can do over the next nine days, and can you pass even that? >> look, chris. it may come to that but we can do better. and we should do better. this is an opportunity to do something that would be hugely important for the country. and, my own belief is, what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference, and that would be a package of about $2.6 trillion. you couple that with the $1.1 trillion that is already done. and, that would be close to the $4 trillion needed to stabilize the debt and begin to bring it down, and, then, if you want to do a
stripped-down plan to avert the fiscal cliff. here's what it is, extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out, next month. and, delay the sequester of $110 billion, in spending cuts, next year. for all of the talk of $4 trillion in debt reduction the plan would only save $800 billion, over ten years. senator conrad, is that the best that washington can do over the next nine days, and can you pass even that?...
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thank you. >> do you think there will be a small-scale resolution to the fiscal cliff before the end of the year? >> i have to tell you. i think the answer to that is ask harry reid because the house has passed all the bills that are necessary to have prohibited this. if harry reid had taken action on the reconciliation bill that went to him in may or the tax extender bill that was august 1 zlt and with bipartisan support, 246 votes, or the sequester vote or the bill to tax reform that went over on september 19th, we wouldn't be having these discussions. have you to look at it and say is this a crisis of their own making? the answer is yes, and then you have to ask yourself did they really want to go over the fiscal cliff, and was it easier for them to go ahead and just let the tax reductions expire and let the sequester take place? >> and by that are you saying you think you wanted the president to go over the fiscal cliff? >> harry reid. >> and if so, do the republicans get the blame, and do you think the president wants to go over the fiscal cliff? >> you know, republicans and dem
thank you. >> do you think there will be a small-scale resolution to the fiscal cliff before the end of the year? >> i have to tell you. i think the answer to that is ask harry reid because the house has passed all the bills that are necessary to have prohibited this. if harry reid had taken action on the reconciliation bill that went to him in may or the tax extender bill that was august 1 zlt and with bipartisan support, 246 votes, or the sequester vote or the bill to tax reform...
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and, of course, coming up, ten days until this country goes over the fiscal cliff. how many of you out there really know what that means? you will be surprised by some of the answers we got when we asked you to explain. ♪ >> judge jeanine: the countdown is now days. in ten days barring a last minute deal, the country goes over the fiscal cliff. sounds scary but how many of you you even know what the fiscal cliff is? fox jesse waters from the o'reilly show went out on the streets to find out. take a look. ♪ free falling >> the fiscal cliff i keep hearing about, where is this cliff? >> i absolutely have no idea what you are talking about. really sorry. >> it is in congress. >> i have no idea. >> i don't know anything about politics. >> probably in baltimore. i don't know. >> i think it is related to the mayan apocalypse i'm pretty sure. >> do you know what happens when we go over the cliff. >> taxes go up. >> the military starts losing money. >> and you are fine with that? >> imfine with it. we spend a lot of on the military. >> some imaginary cliff that we will a
and, of course, coming up, ten days until this country goes over the fiscal cliff. how many of you out there really know what that means? you will be surprised by some of the answers we got when we asked you to explain. ♪ >> judge jeanine: the countdown is now days. in ten days barring a last minute deal, the country goes over the fiscal cliff. sounds scary but how many of you you even know what the fiscal cliff is? fox jesse waters from the o'reilly show went out on the streets to find...
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the fiscal cliff deadline is still looming. hi, everybody. here we are. great to have you here. >> this is a brand-new hour of "america's news headquarters." as jaime said, lawmakers expect to return after christmas back to dc. they are thinking of getting back on thursday. that just gives them a few days to work on a deal to try to help the nation to try to avoid an economic crisis from this so-called fiscal cliff. some say no deal is what the country needs to cut spending and raise taxes. what will happen? national correspondent live in washington with the details. good morning, steve. >> good morning, eric. the two sides in the fiscal cliff debate had their say before heading home for christmas, but no deal of course. after house speaker john boehner called off his push for a plan b last week saying the ball is now in the democrats' court. there has been no movement toward any deal. democrats want tax hikes for the wealthy. republicans want spending cuts. and some in the gop say the president doesn't want to avoid the fiscal cliff. >> when i listen to
the fiscal cliff deadline is still looming. hi, everybody. here we are. great to have you here. >> this is a brand-new hour of "america's news headquarters." as jaime said, lawmakers expect to return after christmas back to dc. they are thinking of getting back on thursday. that just gives them a few days to work on a deal to try to help the nation to try to avoid an economic crisis from this so-called fiscal cliff. some say no deal is what the country needs to cut spending and...
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president obama is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspiration. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> six weeks after his unanimous re-election as speaker, john boehner faced a mini mutiny in his own congress. they said they would oppose his backup plan to keep tax cuts in place. anyone making more would see a tax hike. the speaker saw the setback as a se mantic problem. >> listen, there was a perception created that that vote last night was going to increase taxes. now, i disagree with that characterization of the bill, but that impression was out there. now, we had a number of our members who just really didn't want to be perceive
president obama is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspiration. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male...
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now, with congress home for the holidays, a deal on the fiscal cliff looks less and less likely. that could mean coal in the stocking for house speaker john boehner and also mean the end in his two-year rein. he is facing pressure after his plan "b" failure. he proposed a plan, but republicans had to pull it off the table after admitting they just couldn't get it passed. >>> for an illustration of the pressure facing john boehner, check the latest polls. that's what we have political reporter john steinhauser for. >> americans are worried about the taxes if the nation falls off the fiscal cliff at the end of the year. seven of ten questioned in our poll says there will be major problems or a crisis in the country if that happens. >> part of what voters they were looking for is some compromise up here. that's what folks want. >> our poll indicates more americans want the republicans than the democrats to compromise more to reach bipartisan solutions. >> the democrat-controlled white house has no plan and offered no plan all year to deal with these looming cuts. >> but the public d
now, with congress home for the holidays, a deal on the fiscal cliff looks less and less likely. that could mean coal in the stocking for house speaker john boehner and also mean the end in his two-year rein. he is facing pressure after his plan "b" failure. he proposed a plan, but republicans had to pull it off the table after admitting they just couldn't get it passed. >>> for an illustration of the pressure facing john boehner, check the latest polls. that's what we have...
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the fiscal cliff talks, cabinet changes, what will define president obama's agenda at the first of the year? to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home. to practice math mor
the fiscal cliff talks, cabinet changes, what will define president obama's agenda at the first of the year? to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the...
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the fiscal cliff talks, cabinet changes, what will define president obama's agenda at the first of the year? and my round table will join me, representative jason chaffetz, harold ford, jr., andrea mitchell and chuck todd. back in a moment. joi why do toys for tots and hasbro trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to
the fiscal cliff talks, cabinet changes, what will define president obama's agenda at the first of the year? and my round table will join me, representative jason chaffetz, harold ford, jr., andrea mitchell and chuck todd. back in a moment. joi why do toys for tots and hasbro trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. i don't have to leave my desk and get up and go...
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host: we're talking with stephen dinan and the fiscal cliff and what is next. he is the politics editor at the washington times. our next call comes from tennessee. go ahead. caller: misty for taking my call and merry christmas to everyone out there. -- thank you for taking my call and merry christmas to everyone out there. this president over the last four years, every year he has spent $1.2 trillion per year more than we take in. he spent about 4.6 trillion every year. of course he still wants to spend more money. more. what we need is more cuts in programs. we need about 4.6 chilean dollars in cuts to programs. -- $4.6 trillion dollars in cuts to programs. he did not have a hard time getting reelected, but i think we made a mistake electing this guy. guest: the caller has a lot of good numbers. he is correct on a lot of them. the spending numbers are -- and these are rough -- about $2.3 trillion in revenue. his point is correct. the problem is you have the government taking in about 15% of gross to must the product in tax increases and spending between 23% o
host: we're talking with stephen dinan and the fiscal cliff and what is next. he is the politics editor at the washington times. our next call comes from tennessee. go ahead. caller: misty for taking my call and merry christmas to everyone out there. -- thank you for taking my call and merry christmas to everyone out there. this president over the last four years, every year he has spent $1.2 trillion per year more than we take in. he spent about 4.6 trillion every year. of course he still...
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going off the fiscal cliff will have some very real consequences for just about every american taxpayer. we will take a look at that, straight ahead. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. >>> as we look at the week ahead, we would like to be focussing on the joy christmas supposed to bring. for many of us is a season of worry with the fiscal cliff hanging over all of us. if congress and the white house doesn't reach a deal to reduce the deficit, automatic spending cut goes into effect and taxes practically on everyone will go up come first of the year. we want to focus on the tax part of the equation and joining us is todd shownen berger, managing partner at land colt capital. todd, many people will be hit with the alternative
going off the fiscal cliff will have some very real consequences for just about every american taxpayer. we will take a look at that, straight ahead. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000...
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the holidays even as the clock continues to run down, just nine days before we go over that fiscal cliff and everybody's taxes go up. i'm sure a lot of us feel they shouldn't be taking time off. >> that's right. there's not a lot to celebrate now. let's bring in george stephanopoulos. great to see you, george. things are coming down to the wire. what are the odds they can come up with a deal especially republicans can't agree. >> there's not going to be a big deal. that's just not happening. those talks completely collapsed this week and ended once and for all when house speaker john boehner couldn't even pass his backup plan in the house on thursday. the only possibility right now would be some kind of a very small -- some measure that would just extend the tax cuts for everyone earning under $250,000. it should be a lot of protection for a lot of people, but even that is going to be difficult. you get it only if there's a promise not to filibuster that measure in the senate and the house speaker agrees to take it up. both of those questions are very open right now. >> a lot of open que
the holidays even as the clock continues to run down, just nine days before we go over that fiscal cliff and everybody's taxes go up. i'm sure a lot of us feel they shouldn't be taking time off. >> that's right. there's not a lot to celebrate now. let's bring in george stephanopoulos. great to see you, george. things are coming down to the wire. what are the odds they can come up with a deal especially republicans can't agree. >> there's not going to be a big deal. that's just not...
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thank you for joining us. the click is ticking on the fiscal cliff deal. is there any chance for a compromise at this hour? we'll ask chris wallace all about that coming up. >> kelly: in the wake of the school massacre in connecticut one town says it will have armed guards stationed at its schools. is that the right response? we report, you decide. >> clayton: a dog rescued from a war zone returns the favor by saving his new owner's life. we'll meet the courageous canine coming up on the show. "fox & friends" hour three starts right now if you're keeping track at home. ♪ >> good morning, everybody. thanks so much for joining us. thanks to kelly wright for sitting in for dave briggs. >> kelly: my pleasure. >> alisyn: yesterday we are saying goodbye to dave briggs, he's moving on the end of the year. last time we'll be together. sad. >> kelly: let me take the moment to say happy new years and merry christmas today. >> alisyn: thanks. and there is, as you know, a national dialog going on how we can prevent the tragedy that happened in newtown, connecticut f
thank you for joining us. the click is ticking on the fiscal cliff deal. is there any chance for a compromise at this hour? we'll ask chris wallace all about that coming up. >> kelly: in the wake of the school massacre in connecticut one town says it will have armed guards stationed at its schools. is that the right response? we report, you decide. >> clayton: a dog rescued from a war zone returns the favor by saving his new owner's life. we'll meet the courageous canine coming up...
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i'd like to ask you about the other serious issue consuming this town right now, the fiscal cliff. >> right. >> haven't you betrayed some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now in this mix? and more broadly, there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update? are we likely to go over the cliff? >> well, first of all, there's no reason why we should. remember what i said during the campaign. i thought that it was important for us to reduce our deficit in a balanced and responsible way. i said it was important for us to make sure that millionaires and billionaires paid their fair share. i said that we were going to have to make some tough cuts, some tough decisions on the spending side, but what i wouldn't do was hurt vulnerable families only to pay for a tax cut for somebody like me. their task is going to be to sift through everything i did that is out there and even take a look at some bad ideas. the co
i'd like to ask you about the other serious issue consuming this town right now, the fiscal cliff. >> right. >> haven't you betrayed some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now in this mix? and more broadly, there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update? are we likely to go over the cliff?...